MRDIY - Breakout!

 

MRDIY Weekly Chart

MRDIY Daily Chart

On Apr 29, 2024, I posted MRDIY price action was getting bullish with price getting closer to its downtrend line and resistance. See link below.

https://swingtrader188.blogspot.com/2024/04/mrdiy-accumulation-phase.html

Yesterday (May 02, 2024), MRDIY broke out above its downtrend line and resistance at 1.61. It also broke above its resistance at 1.68 but ended the day closing below it. However, yesterday's trading volume was relatively heavy showing demand. Further upside is therefore likely with the next resistance at 1.84.

Disclaimer: 

Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and any information presented in this blog.